US election: Donald Trump's odds of beating Kamala Harris surge on betting platforms

Taylor Renouf
The Nightly
US Correspondent Mylee Hogan interviews a Donald Trump supporter.

Donald Trump’s odds of winning the US election over Kamala Harris have surged on betting platforms as election officials continue to count ballots.

Polymarket, a betting platform that only deals in cryptocurrency, has placed the former president at a 94.7 per cent chance of winning, while Harris’ odds are at just 5.4 per cent.

In a matter of four hours, Trump went from leading Polymarket’s forecast by less than 10 per cent to a whopping 90 per cent.

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Polymarket users have spent a total of $3.2 billion betting on who will win the election.

Trump is a long way ahead on other betting platforms, with London-based site Betfair predicting he has a 97.7 per cent chance of winning.

Popular Australian betting platform Sportsbet is paying $17 for a Harris win, while Trump’s odds are at $1.003.

Trump’s surge comes as major news outlet The New York Times claimed Trump had a 90 per cent chance of winning, despite other analysts saying it was far too early to make the call. The same tracker reportedly predicted a 95 per cent chance of a Clinton victory in 2016. And we all know how that ended.

Trump has won two of the seven crucial swing states — North Carolina and Georgia — and is also ahead in Pennsylvania, Michigan, Arizona and Wisconsin. Vote counting continues in Nevada.

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